COMMERCIAL.

Otago Witness, Issue 3590, 2 January 1923, Page 29

COMMERCIAL.

OAMARTT MARKETS. (From Oub Own Correspondent.) OAMARTT, December 23. Tliere baa been an absence of activity in the stock market. There was an improved yarding at the regular weekly sale taken m the aggregate, but this did not apply to sheep, which consisted almost wholly of fat animals. The range of prices was as follows:—Prime shorn wethers, 35s to 365, other wethers, 30s; prime ewes, 30s to 30s 9d; other ewes, 265; first-class quality lambs, 31s 9d. Sales of sheep by private treaty for immediate delivery have been few, and at the following prices: —Good full-mouthed ewes, with lambs, 20s (all counted); two-tooth ewes in a mixed line, 235; two-tooth wethers, 21s 6d; shorn fat wethers, 28s; shorn fat ewes, several lines, 255. Much the greater part of the business was done for forward delivery, the range of prices being as follows: Several lines of guaranteed sound-mouthed halfbred ewes, 25s to 27s 6d, with March delivery; fat and forward wethers for February delivery, 255; ewe lambs for forward delivery, 21s; wether lambs for forward delivery, 15s. One of the chief features of the market has been an improvement in the matter of store cattle. There was the largest yarding of this class of stock that has been seen for a con* siderable time, and a very much better demand was experienced. Fat and forward bullocks from three to five years old realised from £6 to £7 ss, and young mixed-sex cattle from yearlings to two years old, £3. Privately, three-year-old steers have been sold at £5, two-year-old steers and heifers in a mixed line at £3, yearling heifers at £2, and yearling steers at £1 16s. Only a small amount of business has been done in fat cattle. A line of fat bullocks was placed at £8 10s, and, under the hammer, light-weight steer 3 were sold at from £4 5s to £6 ss, and cows at from £4 12s 6d to £5. The sacrifice of dairy stock has come to an end with the appearance of the great flush of grass. Very few were offered at the weekly sale, at which cows coming to profit were sold at up to £7 17s 6d and heifers just in profit up to £4 6s. Autumn calvers, however, met with no buyers. There are very few sellers, and sales have been limited to odd ordinary cows coming to profit at from £5 to £B. For cows of good quality coming to profit, up to £l2 is now being looked for. SOUTH!.A N; • MARKETS*. (From Our Own Oorbesponpfnt 1 INVERCARGILL, December 23. Stock.—At stock sales held during the past week the market has improved- considerably for store cattle, and a rise is also noticeable for store sheep of about Is to Is 6d per head. Fat sheep are likewise in strong demand, but fat cattle have eased up slightly, a drop of 2s 6d per 1001 b having taken place in this section. At local markets on Tuesday fat lambs were in strong demand, as high as IOJd per lb for prime lamb was offered. These, of course, were all bought by the. djutchers for Christmas trade. Fat Cattle.—Extra prime ox beef, from 2-2 sGd to 24s' per 1001 b; average prime, 20s to 21s; light and unfinished, 18s. Extra prime heifer, from 21s to 22s 6d; average prime, 18s to 20s; lighter sorts, 16s; extra prime cow beef, from 14s to 15s; inferior, down to 12s. Extra prime bullocks, up to £11; average, £8 to £9; lighter sorts, to £6 10s. Extra prime cows, from £6 to £7; average, £4 10s to £5 10s; inferior, down to £3. Fat Sheep.—Extra prime woolly wethers, up to 44s 9d; average, 38s to 40s 3d; light and unfinished, 355. Extra prime shorn, up to 355; average prime, 32s to 33s 6d; unfinished, 30s. Extra prime shorn ewes, up to 295; average prime ewes, 24s to 265. Fat Lambs. —Extra prime lambs, 40s 3d; average prime, 33s to 365; lighter sorts. 265; inferior and half-finished, down to 225. Store Cattle.—Forward three and four-year-old bullocks up to £6 10s; average three and four-year-old bullocks, £4 15s tc £5 10b; two-year-old steers, from £3 15s to £4 10s; yearlings, £1 15s to £2 15s, according to breeding and condition. Bulls are making from £2 10s to £6. Sheep.—Failing mouth ewes, in the wool, with lambs at foot, 22s 3d; others, 17s to 18b; six and eight-tooth ewes, in the wool, 23s to 24s 6d; m.s. two-toths, 18s to 19s; four and six-tooth wethers (shorn), 23s to 245; in the wool, up 'to 28s; two-tooth wethers, 19s to 20s; poorer sorts, 17s 6d. EXPORT OF BUTTER. WELLINGTON, December 21. The Dairy Division of the Department of Agriculture has received advice that ship* ments of butter from the Argentine during November amounted to 5775 tons, the figures being for August to November inclusive. It is suggested that th-> published report that 600,000 boxes, or 1500 tons, of Argentine butter were on the water en route to the United Kingdom is ineorrect. The figures received from Victoria indicate that for the five months ended November 20 the export of butter amounted to 10,716 tons as compared with 8922 tons for the corresponding period of th? preceding season, giving an increase of 2000 tons. OPOTIKI DAIRY ASSOCIATION. OPOTIKI, December 21. The Opotiki Dairy Association paid out to suppliers yesterday over £16.760, comnrising an advance payment of Is 3d per pound for the last month’s supply of butter-fat, and a final payment of 2d per pound for the supply for the 1921-22 season. The total amount paid out on the account for the last season’s supply is now Is 7d per pound. Several other companies operate in the Opotiki district. INVESTMENT STOCKS. BANKING. Bank of Australasia—Buy. £l3 Bank of N.S. Wales—Buy. £35 5s sel £35 15s. Bank of New Zealand—Buy. 56s 3d. National Bank —Buy. £6 9s. P. and O. Bank— Buy. £l4 Union Bank —Buy. £l3 15s, sel. £l4. INSURANCE. National Insurance Co.—Buy. 71s 9d, sel. 735. N.Z. Insurance Co. — Buy. 28s 3d. South British Insurance Co. —Buy. 36s 3d. Standard Insurance Co. —Buy. 355, sel B6s 3d. SHIPPING. Huddart, Parker (ord.) —Buy. 53s 3d. , P. and O. Deferred Stock —Buy. £322, sel. £327. U.S.S. Co. (pref.)—Buy. 19s 6d. COAL. Westport Coal Co. —Buy. 33s 9d, sel. 34s 3d. LOAN AND AGENCY. Goldsbrongh, Mort —Buy. 42s 3d, sel 43a 6d. Perpetual Trustees—Buy. 36s fid. Trustees, Ex. and Agency—Buy. 46s 9d, bcl 625.

Wright, Stephenson (ord.) —Buy. 255. MEAT PRESERVING. N.Z. Refrigerating (paid)—Buy. 27s 3d. N.Z. Refrig, (oont.)— Buy. 14s 9d, sel. 15s 9d MISCELLANEOUS. Brown, Ewing (ord.) — Buy. 27s 3d. Brown, Ewing (pref.)—Buy. 20s 3d. Bruce Woollen Co. —Buy. 335, sel. 37s Colonial Sugar—Buy. £35. D.I.C. (pref.)—Buy. 20s 3d, sel. 20s 6d. Dominion Rubber—Buy. 19s, sel. 20s 6d DunedinvKaikorai Trams—Buy. 24s 6d. Dunlo-p Rubber —Buy. 225. Kaiapoi Woollen (ord.) —Buy. 255. Kaiapoi Woollen (cont.) —Buy. 12s 3d, sel. 13s Kaiapoi Woollen (pref.)—-Buy. 22s 3d. Milburn Lime and Cement —Buy. 32s 6d. Mosgiel Woollen Co. —Buy. £6 9s. M'Leod Bros. Soap—-Buy. £l6. National Electric—Buy. 19s 6d, sel. 20s 3d. N.Z Drug Co. —Buy. 555. N.Z. Malay Rubber—-. Buy. 10s 6d. N.Z,. Paper Mills (paid)—Buy. 225. sel. 235. N.Z. Paper Mills (cont.) —Buy 2s prem., eel. 2s 9d prem. Otago Daily Times —Buy. 47s 6d. Pa.’-uan Products —Buy. 9d. sel. Is 3d. Whitcombe and Tombs —Buy. 68s. Wilson’s (N.Z.) Cement—Buy. 22s 6d, sel. 22s 9d. MINING. Waihi—Buy. 34s 3d, sel. 34s 6d. Waihi Grand Junction —Buy. 10s 6d, sel. Us. Mount Lyell—Buy. 20s 6d, sel. 20s Sd. WAR BONDS. 4 t per cent. Bonds, 1930—Buy. £96 ss, sel. £96' 15s. 4 \ per cent. Bonds, 1938—Buy. £96 7s 6d. 4§ per cent. Bonds, 1939—8uy. £96 7s 6d. 5i per cent. Bonds, S.S., 1933 —Buy. £99 17s" 6d. 4| per cent. Inscribed, 1939 —Buy. £96. 5J per cent. Inscribed, S.S., 1933—8uy. £99 17s 6d. 5 per cent. Bonds, P. 0., 1927—8uy. £96 10s. 5 per cent. Inscribed, P. 0., 1927—8uy. £96 ss. 5 per cent. Bonds, P. 0., 1929—8uy. £96 ss. 5 per cent. Inscribed, P. 0., 1929 —Buy. £93